Suzlon Wind Energy Corp announced the sale of 57 units of 2.1 MW wind turbines for a large wind energy project in western US
Suzlon Wind Energy Corp, the North American subsidiary of Suzlon Group, said it has bagged a contract for supplying 57 wind turbines for a project in the US.
"Suzlon Wind Energy Corp announced the sale of 57 units of 2.1 MW wind turbines for a large wind energy project located in western United States," a statement said.
Commissioning of the power plant is scheduled for the last quarter of the calender year 2012, the statement said. According to estimates by the American Wind Energy Association (AWEA), a (57x2.1)120 MW project could deliver enough green energy to power up to 36,000 homes.
"The US is a very important market for us and this order underscores our strong technology and service offering alongside our robust track record," chairman and managing director, Suzlon Group, Tulsi Tanti said.
On Tuesday, Suzlon Energy closed at Rs18.80 per share on the Bombay Stock Exchange, 3.87% up from the previous close.
IVRCL’s mining division bagged an order worth Rs45.36 crore from Hindustan Copper
Hyderabad-based infrastructure major IVRCL said it had bagged orders worth Rs732.14 crore in the buildings, transportation, mining, water and solar power segments.
Among the orders is a contract for civil construction work for Tata Cummins at Phaltan, in Satara, Maharashtra, a release from IVRCL said.
The company said its buildings division secured orders worth Rs 404.60 crore from the Indian Institute of Science Education and Research at Bhopal, Indian Oil Corporation, Jindal Steel & Power and National Institute of Biomedical Genomics, West Bengal.
While the transportation division secured orders worth Rs251 crore from Mahanadi Coalfields, the mining division bagged an order worth Rs45.36 crore from Hindustan Copper.
Furthermore, Kishore Electro India has awarded an EPC contract for a solar power project worth Rs11.42 crore and Kerala Water Authority awarded a contract worth Rs19.41 crore to IVRCL, the statement said.
On Tuesday, IVRCL closed at Rs32 per share on the Bombay Stock Exchange, 10.15% up from the previous close.
Pramerica MF new issue closes on 11th January
Pramerica Mutual Fund has launched Pramerica Dynamic Bond Fund, an open-ended income scheme.
The investment objective of the scheme is to generate optimal returns through active management of a portfolio of debt and money market instruments.
However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. The new issue closes on 11th January. The minimum investment amount is Rs5,000.
CRISIL Composite Bond Fund Index is the benchmark index. Mahendra Jajoo is the fund manager.